HDFC Securities Vs TradePlus Online comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
HDFC Securities Vs TradePlus Online Comparison
Here is a point by point comparison of HDFC Securities Vs TradePlus Online.
HDFC Securities is the equity trading arm of HDFC Bank. It was founded in the year 2000 as a joint venture between HDFC Limited, HDFC Bank Limited and IndOcean E-Securities Holding limited.
TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010.
It has a unique pricing model where it charges a fixed monthly fee for unlimited trading on trading segments including Currency, Options and Commodity.
They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
Everything about discount brokers such as TradePlus Online is Online, be it – customer service, trading, account opening etc.
Full-service brokers such as HDFC Securities, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between HDFC Securities Vs TradePlus Online to help you find which of the two suits your needs better.
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage.
This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with TradePlus Onlineor HDFC Securities for the benefits of other readers? Please feel free to share in the comments below.
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